Léon Dupriez was sharply critical of the methodology of macroeconomics in his days. Further developments since then have been in the direction of meeting these criticisms. The new developments came from within macroeconomics, not from the critics. But the criticisms have been met only partly,...

The purpose of this thesis is to argue that the core of a monetary economy is a network of triangular contracts between banks, firms, workers and capital goods suppliers. Not only does this network give rise to the creation and valuation of money but it is the organising feature of modern...